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LEARNING OBJECTIVES:

In this chapter, we will discuss the following important topics.

  • Exchange, gift, capital, labour, and Market
  • Property and property relations
  • State and Market: Welfarism and neoliberalism
  • Poverty and exclusion
  • Factory and industry systems
  • Business and family
  • Tourism

INTRODUCTION

Sociologists, while analyzing the relationship between economy and society, argued that society affects the economic structure and economic processes in turn affect the society's environment. Economic sociology is the application of sociological methods to understand the production, distribution, exchange, and consumption of goods and services. Economic ...

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